Bank Of Baku

SOFAZ’s reserves are equal to 586 tonnes of gold

SOFAZ’s reserves are equal to 586 tonnes of gold
# 22 October 2012 16:28 (UTC +04:00)
SOFAZ says as of October 1, 2012, the assets make $ 33,068.65 mln.

22.94% of investment portfolio is saved in the bonds of agencies and international organizations, 22.54% - in short-term commercial papers, 18.06% - in corporate bonds, 11.77% - in financial bonds, 11.66% - in papers on sovereign borrowing, 5.36% - in guaranteed bonds, 4.37% - in deposits and money market instruments, 1.86% - in gold, 1.35% - in shares, 0.09% - in municipal bonds.

As it seems, only 1.86% of investment portfolio is saved in gold. If we take into consideration that, SOFAZ’s gold reserves are 10,891 kg, fund’s total investment portfolio is equal to 586 tonnes of gold.
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